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Acquisition Of Equity Influence On Corporate Governance Structure And Governance Efficiency

Posted on:2015-01-15Degree:MasterType:Thesis
Country:ChinaCandidate:P J SunFull Text:PDF
GTID:2309330434450180Subject:Business administration
Abstract/Summary:PDF Full Text Request
Along with the strengthening of collaboration with global business, many companies in order to get a broader market, to improve efficiency of asset integration, optimization of corporate governance structure of internal; M&A has become an important means of industrial structure and the optimization of resource structure. In the Modern Corporation system, because of the information and the interest conflicts of the company, corporate ownership and control separation, lead to the agency problem between shareholders and managers, how to resolve these contradictions, both shareholders and managers, all hope that through a certain way on both sides of the supervision and control, a hand, shareholder control management through certain means, to create more wealth for the other side;, managers in the case of continuous damage the interests of shareholders, to their advantage, if coordination, balance the relationship, improve the management efficiency, corporate governance is the core of. M& A can skip the present management, direct access to the company’s management or board of directors, the management of the company, and improve the internal management structure of the company.The practice of the case based on the company after the acquisition, the theory framework of financial governance evaluation, around the company and corporate governance pipeline clues, the purpose is to verify whether the company shares after the acquisition by improving corporate governance structure and improve the efficiency of corporate governance. In this paper, the theory of corporate governance is the arrangement, analysis, detailed description of the M&A; A can improve corporate governance structure, ease the agency conflicts between shareholders and managers, laid the theoretical foundation for the full analysis of Kanssen acquisition. On the basis of theoretical analysis, the ownership structure, board structure, shareholders and agent and the governance efficiency of several aspects of the relationship between the in-depth study, analysis, as Kanssen equity theory foundation of Chinese acquisitions, gradually improved classification equity post acquisition performance, improve management efficiency, resource optimization. Finally, according to the analysis results, the defects of our present stage of ownership structure, capital market, laws and regulations, collective and environmental aspects, put forward to promote interaction, acquisition of equity and corporate governance and excellent development suggestions.
Keywords/Search Tags:M&A, Corporate Governance
PDF Full Text Request
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